The stock of IAMGOLD Corp (TSE:IMG) is a huge mover today! About 507,138 shares traded hands. IAMGOLD Corp (TSE:IMG) has risen 53.95% since March 11, 2016 and is uptrending. It has outperformed by 48.47% the S&P500.
The move comes after 5 months positive chart setup for the $2.07B company. It was reported on Oct, 18 by Barchart.com. We have $7.36 PT which if reached, will make TSE:IMG worth $1.26B more.
IAMGOLD Corp (TSE:IMG) Ratings Coverage
Out of 5 analysts covering Iamgold Corp (TSE:IMG), 0 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 0 are positive. $7 is the highest target while $2 is the lowest. The $3.64 average target is -20.35% below today’s ($4.57) stock price. Iamgold Corp has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. RBC Capital Markets maintained the shares of IMG in a report on Friday, January 29 with “Underperform” rating. Canaccord Genuity upgraded the stock to “Hold” rating in Thursday, August 6 report. The rating was downgraded by Mackie on Friday, February 19 to “Sell”.
Another recent and important IAMGOLD Corp (TSE:IMG) news was published by Streetinsider.com which published an article titled: “S&P Lifts Outlook on IAMGOLD Corp. (IAG) to Positive; Ratings Affirmed” on September 19, 2016.
IAMGOLD Corporation is engaged in the exploration, development and production of mineral resource properties across the world. The company has a market cap of $2.07 billion. Through its holdings, IAMGOLD has interests in various activities and exploration properties, as well as various royalty interests on mineral resource properties. It currently has negative earnings. All gold produced by IAMGOLD is in the form of dore bars, which is sold to gold refineries in North America and Europe.
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